Netlist (OTCMKTS:NLST) Issues Earnings Results

Netlist (OTCMKTS:NLST) issued its quarterly earnings results on Thursday. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02), Zacks reports. The business had revenue of $30.00 million during the quarter, compared to analyst estimates of $30.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%.

Netlist Price Performance

Shares of NLST traded down $0.02 during trading hours on Friday, hitting $1.05. The stock had a trading volume of 498,015 shares, compared to its average volume of 729,704. Netlist has a 1-year low of $0.63 and a 1-year high of $2.97. The firm has a market capitalization of $285.75 million, a P/E ratio of -4.77 and a beta of 1.07. The firm has a 50 day simple moving average of $0.82 and a 200-day simple moving average of $0.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Netlist from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th.

Netlist Company Profile

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.